Quantinno Capital Management LP Makes New Investment in Pony AI Inc. – Sponsored ADR $PONY

Quantinno Capital Management LP acquired a new stake in shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 110,340 shares of the company’s stock, valued at approximately $1,042,000.

Other institutional investors have also modified their holdings of the company. Pictet Asset Management Holding SA bought a new position in shares of Pony AI during the 1st quarter valued at approximately $3,144,000. TMT General Partner Ltd raised its holdings in Pony AI by 262.1% during the 1st quarter. TMT General Partner Ltd now owns 6,942,135 shares of the company’s stock valued at $65,534,000 after buying an additional 5,024,721 shares during the period. Keystone Investors PTE Ltd. lifted its position in Pony AI by 202.0% in the fourth quarter. Keystone Investors PTE Ltd. now owns 668,658 shares of the company’s stock worth $9,696,000 after buying an additional 447,250 shares during the last quarter. Hel Ved Capital Management Ltd lifted its position in Pony AI by 47.5% in the fourth quarter. Hel Ved Capital Management Ltd now owns 778,879 shares of the company’s stock worth $11,294,000 after buying an additional 250,900 shares during the last quarter. Finally, Clear Street Group Inc. boosted its stake in Pony AI by 19.3% during the fourth quarter. Clear Street Group Inc. now owns 381,068 shares of the company’s stock worth $5,525,000 after buying an additional 61,670 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PONY shares. Weiss Ratings cut shares of Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 11th. Zacks Research upgraded shares of Pony AI from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Wall Street Zen cut shares of Pony AI from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Finally, Macquarie Infrastructure reiterated an “outperform” rating and set a $24.00 price target on shares of Pony AI in a report on Tuesday, May 26th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Pony AI presently has an average rating of “Hold” and a consensus price target of $19.94.

Insider Activity

In other news, CFO Haojun Wang sold 13,751 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $6.86, for a total value of $94,331.86. Following the transaction, the chief financial officer directly owned 1,442,504 shares in the company, valued at approximately $9,895,577.44. This represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Ning Zhang sold 17,347 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $6.86, for a total transaction of $119,000.42. Following the completion of the transaction, the vice president owned 630,109 shares in the company, valued at approximately $4,322,547.74. The trade was a 2.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 45,558 shares of company stock valued at $312,528.

Pony AI Stock Performance

Shares of PONY stock opened at $8.14 on Friday. The stock has a 50 day moving average price of $7.54 and a 200 day moving average price of $10.02. Pony AI Inc. – Sponsored ADR has a 52-week low of $6.36 and a 52-week high of $24.92. The firm has a market capitalization of $3.54 billion, a P/E ratio of -22.61 and a beta of 3.96.

Pony AI (NASDAQ:PONY) last announced its quarterly earnings data on Tuesday, May 26th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.03. Pony AI had a negative return on equity of 17.13% and a negative net margin of 128.22%.The company had revenue of $34.25 million for the quarter, compared to the consensus estimate of $22.30 million. As a group, sell-side analysts forecast that Pony AI Inc. – Sponsored ADR will post -0.67 EPS for the current year.

About Pony AI

Pony AI Inc develops and commercializes autonomous driving technologies for passenger mobility, freight transportation and other applications. Its proprietary Virtual Driver platform integrates software, hardware and services, while its PonyWorld world model supports the development and deployment of its autonomous driving systems. The company operates three primary business lines: Robotaxi services, Robotruck services and Intelligent Solutions, which include autonomous driving domain controllers and other technology products and services for automakers and industry customers.

Founded in late 2016 in Fremont, California, by Jun “James” Peng and Tiancheng Lou, Pony.ai is headquartered in Guangzhou, China.